Manappuram Finance net grows 20% to Rs. 271.3 cr

Manappuram Finance Ltd has posted a 20 per cent growth in net profit at Rs.271.31 crore in FY-15 against Rs.225.98 crore in FY-14.

However, the operating income stood at Rs.1,986.42 crore, showing a decrease of 5.4 per cent in comparison to Rs.2,100.46 crore in the previous fiscal. The PBT was also up by 20.6 per cent at Rs.413.67 crore against Rs.343.03 crore.

The board has approved an interim dividend of Rs.0.45 per share for the quarter. An interim dividend of Rs.1.35 per share of face value of Rs.2 has already been disbursed during the year. The total dividend for the year will, therefore, amount to Rs.1.80 per share.

“After two years of decline in business levels, it is heartening to see the all-round improvement in performance. The profitability has improved and once again there is brisk growth in the loan book. From now on, we can focus on delivering more exciting growth,” V.P. Nandakumar, MD & CEO, said.

The total gold loan disbursements went up to Rs.24,683 crore from Rs.20,292 crore. The consolidated assets under management also registered good growth at Rs.9,593 crore from Rs.8,163 crore. In fact, the growth in AUM was consistent across the four quarters, reflecting the depth of the revival, he said.

The interest cost continued the downward trend and further declined by 24 bps in Q4. For the full year, the interest cost has come down Rs.149.08 crore. The net worth stood at Rs.2,633 crore as of March 31.

The consolidated earnings per share (face value of Rs.2) amounted to Rs.3.23, while the capital adequacy ratio was maintained at a high level of 25.65 per cent. The net NPA position stood at 1 per cent as of March 31.